Sep 6: Faysal Bank partners with Ripple

by | Oct 1, 2019

Faysal Bank, a Pakistani Islamic and commercial bank which is a subsidiary of Bahriani bank Ithmaar Bank, announced on September 6th that it had partners with Ripple.

https://twitter.com/faysalbankltd/status/1169874364218494977

According to wikipedia, currently the Bank’s footprint is spread over more than 150 cities with 450+ branches which include 200+ Islamic branches and a declared expansion plan of opening 200+ new branches over the next two years (2019/2020) which will position the bank firmly in the top-5 category with a network of 650/700 branches. As of June 2018, Faysal bank has an asset base which exceeds PKR 600BN – approx US$ 6BN and a highly profitable core business.

This is the first Pakistani bank to join Ripplenet.

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